Allstate April cat losses at $211m
US personal lines insurer Allstate Corporation estimated catastrophe losses for the month of April 2018 of $211 million before taxes.
After tax, cat losses in April are set to cost the insurer $167 million.
Catastrophe losses occurring in April comprised 10 events at an estimated cost of $195 million, pre-tax, plus unfavourable reserve re-estimates of prior reported catastrophe losses.
Two severe wind and hail events, primarily impacting Texas and certain Southeastern states, accounted for approximately 60 percent of April event catastrophe losses.
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